company has annual sales of $120,000, average accounts payable of $35,000, and average accounts receivable of $35,000. The company's ceivables turnover and days of sales outstanding are closest to: 3.4 receivables turnover: 106 days of sales outstanding 40 receivables turnover: 91 days of sales outstanding 34 receivables turnover, 100 days of sales outstanding

company has annual sales of $120,000, average accounts payable of $35,000, and average accounts receivable of $35,000. The company's ceivables turnover and days of sales outstanding are closest to: 3.4 receivables turnover: 106 days of sales outstanding 40 receivables turnover: 91 days of sales outstanding 34 receivables turnover, 100 days of sales outstanding

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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